Russian Stocks, Ruble Respond To Obama's Sanctions By Extending Gains

Despite no move in gold, silver, or US Treasuries, US equities (and JPY crosses) remain bid. But perhaps the most intriguing reaction to Obama's escalation is the surge higher in Russian stocks and rally in the Ruble... Putin and his oligarch friends must be pleased...

Nah, nah, nah. This is a rise in their stock market while their currency is going UP (appreciating, not depreciating). I know the line is going down, but it's UP for the Ruble relative to the dollar. I.e. it takes fewer Rubles to buy one US doallar.

This is what happens when the markets are nothing but computerized carry traders. There is no thought here, only yen crosses. Any sentient being would say - hey, if the US is going to freeze assets every time they have a problem in a country...maybe I want fewer assets in the US. Rich Chinese and Middle Easterners might decide to take everything home before the next showdown. This computerized trading will lead to the mother of all meltdowns and prob an end to the stock market

That is actually hitting the nail on the head...most of the monies the oligarkhs made..they took out of Russia and the Ukraine and never invested anything back...so neither country had very good growth...maybe this will start a new reinvestment trend in Russia and the Ukraine